8-K
filed October 31, 2022, 7:59 PM ET
ticker REI
CIK 0001384195
other material
confidence high
sentiment neutral
materiality 0.30
Ring Energy shareholders approve 42.5M share issuance; Series A Preferred withdrawn
RING ENERGY, INC.
- 153,176 Series A Convertible Preferred shares fully converted; Certificate of Withdrawal filed Oct 31.
- Shareholders approved issuance of 42,548,903 common shares upon conversion (68.8M for, 3.8M against).
- Adjournment proposal also approved with 67.5M votes for, 4.4M against.
- All preferred shares returned to authorized but unissued and undesignated preferred stock.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
RING ENERGY, INC.: Company filed Certificate of Withdrawal of Certificate of Designation to eliminate authorization of Series A Convertible Preferred Stock, all shares of which have been fully converted; such shares return to authorized, unissued and undesignated preferred stock (effective 2022-10-31).
- Change
- charter amendment
- Effective
- 2022-10-31
Exact text from the filing
On October 31, 2022, Ring Energy, Inc. (the “Company”) filed with the Secretary of State of Nevada a Certificate of Withdrawal of Certificate of Designation to eliminate the authorization of its Series A Convertible Preferred Stock, of which all 153,176 shares have been fully converted and are no longer outstanding. As a result of the filing, such previously authorized and issued shares of Series A Preferred Stock return to being authorized, unissued and undesignated shares of preferred stock.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
RING ENERGY, INC. shareholders approved To authorize the adjournment of the Special Meeting, if necessary or appropriate, to solicit additional proxies if there are not sufficient votes to approve and adopt the proposal listed above. at the 2022-10-27 meeting.
- Outcome
- passed
- Meeting
- 2022-10-27
Exact text from the filing
Proposal 2 To authorize the adjournment of the Special Meeting, if necessary or appropriate, to solicit additional proxies if there are not sufficient votes to approve and adopt the proposal listed above. 67,535,090 4,442,239 759,320
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
RING ENERGY, INC. shareholders approved To approve, pursuant to NYSE American Listing Rule 712(b), the issuance of 42,548,903 shares of Common Stock, upon conversion of 153,176 shares of Series A Convertible Preferred Stock, par value $0.001 per share. at the 2022-10-27 meeting.
- Outcome
- passed
- Meeting
- 2022-10-27
Exact text from the filing
Proposal 1 FOR AGAINST ABSTAIN To approve, pursuant to NYSE American Listing Rule 712(b), the issuance of 42,548,903 shares of Common Stock, upon conversion of 153,176 shares of Series A Convertible Preferred Stock, par value $0.001 per share. 68,835,720 3,763,113 137,816
View on SEC.gov
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